Under which president did PH economy soar the highest?
MANILA, Philippines - President Benigno S. Aquino III bested all post-Martial Law presidents, including his mother, Corazon C. Aquino, in taking the Philippines economy to new highs.
This was according to the National Statistical Coordination Board (NSCB), which released on Monday, January 28, a comparison of how much the country's economy, as measured by the gross domestic product (GDP), grew in each of the leaders' first 9 quarters (2.25 years) of service.
Data showed that former President Fidel V. Ramos, who inherited an economy suffering from rolling blackouts in the early 1990's, emerged as the laggard.
For agriculture, the President that grew it the most was former President Joseph Estrada. The sector grew the least under Mrs. Aquino, the NSCB noted.
The industry sector grew the most under Mrs. Aquino and the least under Mrs. Arroyo.
Services sector, on the other hand, grew the fastest under current President Benigno Aquino III, and was the laggard under President Ramos.
The NSCB also noted that, in the first 8 quarters of service of each president of the Fifth Republic, Aquino got the highest GDP growth rate in his first year of presidency while Erap got the lowest.
Aquino also got the highest GDP growth rate in his second year of service while Ramos got the lowest.
"With regard to our two lady presidents who catapulted to power via popular uprisings, the domestic economy of Cory (Aquino) and GMA (Arroyo) both accelerated in their second year," the NSCB said.
When the economic performance of the specific major sectors of the economy were considered, the NSCB said Mr. Aquino got the highest growth rates for the Services sector in his first year and in his second year. He was followed by his mother while Ramos got the lowest.
Aquino topped the industry sector in his first year of service while Erap grew it the least. In the second year, Ramos grew the industry sector the most while GMA lagged behind.
Aquino got the highest growth rate for Agriculture, Hunting, Forestry and Fishing (AHFF) in his first year while Erap grew the sector the least in the same period. In their second year, Estrada grew the sector the fastest while Aquino grew it the least. - Rappler.com